HP, Inc. (HPQ) Boosts Q3 EPS Outlook Above Views Ahead of Webcast

HP (NYSE: HPQ) will host a live audio webcast today at 1:30 p.m. PT to discuss a recently announced divestiture, investments in its Printing business and updates to its financial outlook for fiscal 2016. The call will include Dion Weisler, HP's President and Chief Executive Officer, Cathie Lesjak, HP's Chief Financial Officer and Enrique Lores, HP's President of Printing. The conference call is accessible via an audio webcast at www.hp.com/investor/PrintingUpdateJune2016. A replay of the webcast will be made available shortly after the call for approximately one year.

Outlook

For the fiscal 2016 third quarter, HP estimates non-GAAP diluted net earnings per share ("EPS") from continuing operations to be in the range of $0.43 to $0.46 and GAAP diluted net EPS from continuing operations to be in the range of $0.40 to $0.43. Fiscal 2016 third quarter non-GAAP diluted net EPS from continuing operations estimates exclude $0.03 per share, related to restructuring charges, the amortization of intangible assets, non-operating retirement-related credits/charges and tax indemnification amounts.

*** The Street sees Q3 EPS of $0.39.

For the full year fiscal 2016, HP reaffirms non-GAAP diluted net EPS from continuing operations to be in the range of $1.59 to $1.65 and GAAP diluted net EPS from continuing operations to be in the range of $1.52 to $1.58. Fiscal 2016 non-GAAP diluted net EPS from continuing operations estimates exclude $0.07 per share, related to restructuring charges, the amortization of intangible assets, non-operating retirement-related credits/charges and tax indemnification amounts.

For the full year fiscal 2016, HP estimates free cash flow to be in the range of $2.0 to $2.3 billion. With net capital expenditures expected to be $0.5 billion, cash provided by operating activities is estimated to be in the range of $2.5 to $2.8 billion.

For more information, including an overview presentation, visit HP's Investor Relations website at www.hp.com/investor/home.

You May Also Be Interested In

• Tesla touts acceleration of new models, but Q1 results fall short of estimates
• Visa (V) earnings and revenue exceed estimates in Q2, shares rise
• Chubb Corp. (CB) Tops Q1 EPS by 10c